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Monday, March 29, 2021 9:15:13 AM
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
The requirements that they do not meet:
-$2 share price for minimum 5 days
-2 market makers (only 1 at this time...can easily see this on an L2 platform with a real brokerage such as etrade, schwab, etc.)
-Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
***NOTE: This is the lowest of 4 standards that can be met to qualify for Nasdaq listing...they still don't meet it. I won't list the other 3 because there is no way SHMP will ever be able to meet them.****
Yes...you're right they sure do meet all of the requirements other than share price...
Your usage of "big" words doesn't make you right...it's 2021 anyone can find the requirements for listing on Nasdaq, cross them with SHMP, and come to the conclusion that uplisting is highly unlikely at this time or anywhere in the near future.
This is all in my opinon
Recent SHMP News
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